VANCOUVER, BC, Aug. 21,
2023 /CNW/ - Orla Mining Ltd. (TSX: OLA)
(NYSE: ORLA) ("Orla" or the "Company") is pleased to release its
inaugural Sustainability Report, highlighting the Company's
approach and performance on its environmental, social and
governance (ESG) initiatives. Orla operates the Camino Rojo mine in
Mexico and is developing projects
in Nevada and Panama.
The 2022 Sustainability Report enhances Orla's ESG disclosure
and also introduces a long-term roadmap through the Company's
"Towards 2030 Sustainability Strategy". This strategy is grounded
in Orla's objective of transforming mineral resources into a
net-positive benefit for its stakeholders. These stakeholders
include employees, shareholders, suppliers, nations and communities
where we operate, among others. The strategy sets clear priorities,
key performance indicators, action plans and timelines to drive
progress in areas such as health and safety, climate change
mitigation, water stewardship, biodiversity, community impact
management, workforce diversity, equity and inclusion.
"I am very excited to launch our inaugural sustainability
report, an important milestone for Orla," said Jason Simpson, Orla
President and CEO. "This report outlines our impact beyond
financial performance and integrates our responses on the material
ESG challenges across our business. As an emerging gold producer
with a focus on responsible mining, it is a natural time to amplify
our communication and commitments".
For Orla's 2022 Sustainability Report, please see:
2022 Sustainability Performance
- 25% of Orla's corporate goals were ESG-linked, all of
which were achieved.
- 100% of Orla executives and managerial-level employees
were evaluated against ESG performance.
- Achieved a respectable health and safety record, with a lost
time injury frequency rate of 1.49 across our sites.
- Generated US$5.8 million in
community economic contributions at Camino Rojo, including
salaries, local procurement, land leases and investments in local
- Achieved an emissions level of 0.19 tonnes of CO2
equivalent per ounce of gold equivalent produced at Camino Rojo,
establishing the operation as a global leader on this metric.
- Achieved 0.15 m3/t of
processed ore water intensity, with zero water discharge (100% of
water reused and recycled), at Camino Rojo, Mexico.
- Developed the "Towards 2030 Sustainability Strategy" and set
ESG targets to build a more sustainable, resilient and inclusive
business, anchored around the goal of accelerating value creation
and net-positive benefits for stakeholders.
"Transparent reporting on our performance is a core Company
tenet and underpins our 'Towards 2030 Sustainability Strategy'",
stated Chafika Eddine, Orla's Chief
Sustainability Officer. "Through our sustainability report and
other disclosures, we will keep stakeholders informed of our
progress, hold ourselves accountable against our stated
commitments, and gain insights on how to sharpen our future
Orla's Sustainability Report is guided by material topics,
defined by the Company's latest materiality assessments. Report
disclosures are aligned with the Sustainability Accounting
Standards Board (SASB) Standard and the Taskforce on
Climate-related Financial Disclosures (TCFD) framework. Orla also
supports and contributes to the United Nations' Sustainable
Development Goals (SDGs).
About Orla Mining Ltd.
Orla's corporate strategy is to acquire, develop, and operate
mineral properties where the Company's expertise can substantially
increase stakeholder value. The Company has three material gold
projects: (1) Camino Rojo, located in Zacatecas State, Mexico, (2) South Railroad, located in
Nevada, United States, and (3) Cerro Quema, located in Los Santos Province, Panama. Orla is operating the Camino Rojo
Oxide Gold Mine, a gold and silver open-pit and heap leach mine.
The property is 100% owned by Orla and covers over 160,000 hectares
which contains a large oxide and sulphide mineral resource. Orla
also owns 100% of Cerro Quema
located in Panama which includes a
pre-feasibility-stage, open-pit, heap leach gold project, a
copper-gold sulphide resource, and various exploration targets.
Orla also owns 100% of the South Railroad Project, a
feasibility-stage, open pit, heap leach gold project located on the
Carlin trend in Nevada. The technical reports for the
Company's material projects are available on Orla's website at
www.orlamining.com, and on SEDAR+ and EDGAR under the
Company's profile at www.sedarplus.ca and www.sec.gov,
This news release contains certain "forward-looking
information" and "forward-looking statements" within the meaning of
Canadian securities legislation and within the meaning of Section
27A of the United States Securities Act of 1933, as amended,
Section 21E of the United States Exchange Act of 1934, as amended,
the United States Private Securities Litigation Reform Act of 1995,
or in releases made by the United States Securities and Exchange
Commission, all as may be amended from time to time, including
statements regarding the Company's sustainability strategy and
goals, including the anticipated benefits thereof.
Forward-looking statements are statements that are not
historical facts which address events, results, outcomes or
developments that the Company expects to occur. Forward-looking
statements are based on the beliefs, estimates and opinions of the
Company's management on the date the statements are made and they
involve a number of risks and uncertainties. Certain material
assumptions regarding such forward-looking statements were made.
Consequently, there can be no assurances that such statements will
prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements.
Forward-looking statements also involve significant known and
unknown risks and uncertainties, which could cause actual results
to differ materially from those anticipated. These risks include,
but are not limited to, those risk factors discussed in the
Company's most recently filed management's discussion and analysis,
as well as its annual information form dated March 20, 2023, which are available on
www.sedarplus.ca and www.sec.gov. Except as required by the
securities disclosure laws and regulations applicable to the
Company, the Company undertakes no obligation to update these
forward-looking statements if management's beliefs, estimates or
opinions, or other factors, should change.
SOURCE Orla Mining Ltd.